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EUR/USD Moving Down?

EUR/USD Moving Down?

Thomas Long, Course Instructor

While the combination of a lower high and an MACD crossover, which is possible on this EUR/USD chart, does not always lead to a change in trend to the downside, traders should be aware of the possibility. The MACD crossover, when the red line crosses down through the blue line, would be the first hint of this change. It will be the market itself that will tell the true story, but the last two MACD crossovers above the zero line have preceeded big moves to the downside.

EURUSD_body_72304d1289913684-chart-day-eurusd-1116.png, EUR/USD Moving Down?

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.